The earnings call reflects a strong financial performance with increases in net income, adjusted distributable earnings, and a record number of securitizations. However, there are concerns about unrealized losses, widespread home price weakness, and a significant nonperforming asset that remains unresolved.

Company Guidance

During Ellington Financial's second-quarter 2025 earnings call, the company reported a GAAP net income of $0.45 per share, resulting in an annualized economic return of nearly 14%. The book value per share increased to $13.49, while adjusted distributable earnings per share rose by $0.08 to $0.47, surpassing the dividend of $0.39 per share. The company executed six securitizations during the quarter, maintaining the overall portfolio size. Ellington Financial's loan origination platforms, notably Longbridge, contributed significantly with $0.13 in ADE from Longbridge alone, driven by strong origination volumes and stable margins. The company's recourse debt-to-equity ratio remained steady at 1.7:1, and the total economic return for the quarter was 3.3% non-annualized. Looking forward, Ellington Financial expressed optimism about its ability to maintain strong performance and potentially increase dividends, aided by a stable balance sheet and robust securitization activities.

Strong Financial Performance

Ellington Financial generated GAAP net income of $0.45 per share, equating to an annualized economic return of nearly 14%, with book value per share increasing quarter-over-quarter to $13.49.

Increase in Adjusted Distributable Earnings

Adjusted distributable earnings per share increased sequentially by $0.08 to $0.47, significantly exceeding the $0.39 of dividends per share.

Successful Securitizations

Completed 6 securitizations over the course of the second quarter at attractive levels, which is a record for EFC.

Longbridge's Strong Performance

Longbridge contributed $0.13 in ADE with strong performance across all components of its business, including securitization gains and servicing income.

Improved Net Interest Margin

Net interest margin on the credit portfolio increased by 21 basis points quarter-over-quarter.

Expansion in Strategic Partnerships

Closed on another equity investment in a non-QM and RTL originator, with a forward flow agreement to secure ongoing access to high-quality loans.

Ellington Financial (EFC) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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EFC Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 10, 2025	2025 (Q3)	0.43 / -	0.4	―	―	―
Jul 30, 2025	2025 (Q2)	0.40 / 0.47	0.33	42.42% (+0.14)	―	―
May 07, 2025	2025 (Q1)	0.39 / 0.39	0.28	39.29% (+0.11)
Feb 27, 2025	2024 (Q4)	0.38 / 0.45	0.27	66.67% (+0.18)
Nov 06, 2024	2024 (Q3)	0.37 / 0.40	0.33	21.21% (+0.07)
Aug 06, 2024	2024 (Q2)	0.35 / 0.33	0.38	-13.16% (-0.05)
May 07, 2024	2024 (Q1)	0.36 / 0.28	0.45	-37.78% (-0.17)
Feb 26, 2024	2023 (Q4)	0.40 / 0.27	0.42	-35.71% (-0.15)
Nov 07, 2023	2023 (Q3)	0.43 / 0.33	0.44	-25.00% (-0.11)
Aug 07, 2023	2023 (Q2)	0.45 / 0.38	0.41	-7.32% (-0.03)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

EFC Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$12.84	$12.69	-1.17%
May 07, 2025	$12.40	$12.55	+1.21%
Feb 27, 2025	$12.53	$13.65	+8.94%
Nov 06, 2024	$10.99	$11.34	+3.18%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Ellington Financial LLC (EFC) report earnings?

Ellington Financial LLC (EFC) is schdueled to report earning on Nov 10, 2025, After Close (Confirmed).

What is Ellington Financial LLC (EFC) earnings time?

Ellington Financial LLC (EFC) earnings time is at Nov 10, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is EFC EPS forecast?

EFC EPS forecast for the fiscal quarter 2025 (Q3) is 0.43.

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